Mantle (MNT) has surged more than 24% in the past 24 hours, reclaiming the $1 mark amid renewed optimism for the Mantle Network’s infrastructure growth. The rally comes after the project’s X account highlighted improved synergies with Bybit and other ecosystem partners, alongside Co-Founder Ben Zhou’s vision for Mantle Network 2.0.
Adding to bullish sentiment, the Mantle Ecosystem noted strong market performance from DeFi projects such as Pendle (PENDLE), which recently re-entered the top 10 on DefiLlama’s TVL rankings.
On the daily chart, MNT’s breakout above its $0.9290 resistance has pushed prices to $1.08, but the pattern now forms a rising wedge — typically a bearish signal. The Relative Strength Index (RSI) sits at 75.61, indicating overbought conditions.
In a bullish scenario, sustained momentum above $1.1050 could see MNT target $1.21, with potential upside to $1.30. However, if sellers regain control, the price could retreat to $0.9290 or $0.8540, with extreme bearish pressure pushing it toward $0.7550.
Traders are watching closely to see if MNT can hold above $1, as a pullback may be likely given current technical signals.
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